MECHANICS BANCORP-A (MCHB) Stock Technical Analysis
NASDAQ:MCHB • US43785V1026
Taking everything into account, MCHB scores 7 out of 10 in our technical rating. Although MCHB is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 100% of all other stocks performed better in the past year than MCHB.
- MCHB is part of the Banks industry. There are 381 other stocks in this industry, of which 95% are performing better than MCHB.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month MCHB has a been trading in the 14.25 - 16.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, MCHB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.46. Right above this resistance zone may be a good entry point.
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12.98
3 important support areas can be observed.
- A support zone ranging from 14.82 to 14.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.14 from a horizontal line in the daily time frame.
- A support zone ranging from 13.11 to 13.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 15.46 to 15.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MCHB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCHB is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MCHB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCHB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCHB is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.62 | NEUTRAL | The RSI value for MCHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MCHB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.51 | NEUTRAL | The Stochastics value for MCHB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHB suggests some volalility. |
| Average Directional Index/ADX (14) | 25.66 | POSITIVE | The high ADX value value for MCHB suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.75 | 14.88 | 0.87 (5.52%) | 18.10% |
| An entry @15.75. This is a Buy Stop order right above the resistance zone. | An exit @14.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.87 points, which is 5.52%. | For a 1.00% total portfolio risk, you can invest 18.10% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MCHB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.37
+0.06 (+0.39%)
MECHANICS BANCORP-A / MCHB FAQ
Can you provide the ChartMill technical rating for MECHANICS BANCORP-A?
ChartMill assigns a technical rating of 7 / 10 to MCHB.
What is the trend direction for MCHB stock?
The current trend direction for MECHANICS BANCORP-A (MCHB) is Bullish.
What is the RSI signal for MECHANICS BANCORP-A (MCHB) stock?
MECHANICS BANCORP-A (MCHB) has an RSI value of 54.6215. This indicates that the stock is currently neutral.
What is the buy/sell signal for MCHB stock?
The buy/sell signal for MECHANICS BANCORP-A (MCHB) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for MECHANICS BANCORP-A (MCHB) stock?
MECHANICS BANCORP-A (MCHB) has a support level at 14.87 and a resistance level at 15.46. Check the full technical report for our detailed analysis of MCHB support and resistance levels.